You might be in need for some emergency cash, but what if you have bad credit that keeps you from getting approved from unsecured bank loans or short term loans? Taking out collateral car title loans can give you fast emergency cash with no credit checks.
How do collateral car title loans work?
This loan uses a secured collateral asset like a fully owned car with its corresponding lien free car title. The lender inspects and appraises your car for its true market value. The lender holds on to your car title until your loan is repaid. The lender will need to place a lien on the car title and this is removed when the loan is fully repaid.
Who qualifies for collateral vehicle title loans?
The car title must be lien free to qualify as collateral. Other requirements will be a valid driver’s license and proof of permanent residence. Once all these are complied with including the appraisal, the loan is approved in just one hour. The borrower gets to loan up to $50,000.
What is the loan payment period?
Vehicle title loans Truro Nova Scotia has payment terms that are the longest that can ever be offered. While the loan is being repaid during this term, the borrower continues to use the car.
What is the interest rate?
Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to unsecured bank loans and short term loans.
At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online. Call us now toll free at 1-844-598-7631 or apply online.
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